Accounting & ERP Bank Feeds Directory

Bank feeds are secure, automated connections between your bank accounts and accounting software that import transactions directly into your books. Instead of manually downloading bank statements and uploading them, bank feeds pull transactions automatically—often daily or in real-time—eliminating manual data entry and reducing reconciliation errors.

Bank feeds use Open Banking APIs (like PSD2 in Europe) or aggregators (like Plaid, MX, TrueLayer) to securely connect to bank accounts. Users authorize the connection once, and transactions flow automatically into the accounting system. The aggregator handles bank authentication, data retrieval, and normalization across different bank formats.

Most modern accounting software supports bank feeds, including QuickBooks Online, Xero, Sage, FreshBooks, Wave, and Zoho Books. Enterprise ERPs like NetSuite, SAP Business One, Oracle NetSuite, and Acumatica also offer bank feed integrations through providers like Plaid, MX, Yodlee, and TrueLayer.

Bank feed providers differ in geographic coverage, bank connections, and features. Plaid dominates the US market with 12,000+ institutions. TrueLayer and Yapily specialize in European Open Banking (PSD2). MX focuses on enterprise clients. Salt Edge offers global coverage. Choose based on your target regions and bank coverage needs.

Yes, bank feeds are highly secure when using reputable providers. They use bank-grade encryption, OAuth authentication (users never share passwords with the accounting software), and are regulated under frameworks like PSD2 in Europe. Users control access and can revoke connections at any time. Leading providers maintain SOC 2 compliance.